Gamco Investors INC. ET AL Boosts Stake in Zayo Group Holdings Inc (NYSE:ZAYO)

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Gamco Investors INC. ET AL lifted its holdings in Zayo Group Holdings Inc (NYSE:ZAYO) by 27.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 393,991 shares of the technology company’s stock after buying an additional 85,561 shares during the period. Gamco Investors INC. ET AL owned approximately 0.17% of Zayo Group worth $12,966,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of ZAYO. S. Muoio & CO. LLC acquired a new position in shares of Zayo Group in the second quarter valued at approximately $1,316,000. Swiss National Bank grew its holdings in shares of Zayo Group by 10.1% in the second quarter. Swiss National Bank now owns 946,300 shares of the technology company’s stock valued at $31,143,000 after purchasing an additional 87,000 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of Zayo Group by 24.2% in the second quarter. DekaBank Deutsche Girozentrale now owns 23,285 shares of the technology company’s stock valued at $795,000 after purchasing an additional 4,532 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of Zayo Group by 3.2% in the second quarter. CIBC Private Wealth Group LLC now owns 10,454 shares of the technology company’s stock valued at $344,000 after purchasing an additional 323 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado grew its holdings in shares of Zayo Group by 34.0% in the second quarter. Public Employees Retirement Association of Colorado now owns 34,347 shares of the technology company’s stock valued at $1,130,000 after purchasing an additional 8,706 shares in the last quarter. 90.10% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have commented on ZAYO. Cowen cut shares of Zayo Group from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $37.00 to $35.00 in a report on Wednesday, May 15th. Craig Hallum cut shares of Zayo Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 8th. Citigroup cut shares of Zayo Group from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $38.00 to $35.00 in a report on Thursday, May 16th. UBS Group boosted their price target on shares of Zayo Group from $30.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, May 9th. Finally, Raymond James cut shares of Zayo Group from an “outperform” rating to a “market perform” rating and set a $32.74 price target for the company. in a report on Wednesday, May 22nd. Twelve research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $35.02.

NYSE ZAYO traded down $0.05 on Tuesday, hitting $33.78. 8,066 shares of the stock were exchanged, compared to its average volume of 1,879,977. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 4.84. Zayo Group Holdings Inc has a fifty-two week low of $20.27 and a fifty-two week high of $38.19. The company has a market cap of $7.96 billion, a PE ratio of 55.38, a PEG ratio of 10.29 and a beta of 0.77. The company has a 50-day moving average price of $33.56 and a 200-day moving average price of $30.84.

In other news, insider Sandra Mays sold 3,395 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $33.05, for a total transaction of $112,204.75. Following the completion of the sale, the insider now owns 55,764 shares in the company, valued at approximately $1,843,000.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Matt Steinfort sold 7,888 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $33.05, for a total transaction of $260,698.40. Following the sale, the chief financial officer now owns 54,435 shares of the company’s stock, valued at approximately $1,799,076.75. The disclosure for this sale can be found here. Insiders have sold a total of 1,437,607 shares of company stock valued at $47,051,887 in the last 90 days. Insiders own 4.50% of the company’s stock.

Zayo Group Profile

Zayo Group Holdings, Inc, through its subsidiaries, provides bandwidth infrastructure solutions for the communications industry in the United States, Canada, and Europe. The company operates in six segments: Fiber Solutions, Transport, Enterprise Networks, Zayo Colocation (zColo), Allstream, and Other.

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Institutional Ownership by Quarter for Zayo Group (NYSE:ZAYO)

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